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Following is a summary of relevant posts I”ve made in the Activity Feed. Be sure to ask there for opinion on others. The only one I”m surprised not to have been queried about is MCIG breaking lower, although we”ve been prepping for quite awhile on the significance of .21-.22 and .28.

Also, I”m experiencing some technical difficulties uploading to the site. In case you can”t access immediate information that you”re depending on, go immediately to RodDavid.com for updates. Keep this message or that URL handy! Meanwhile, we now have a portfolio for the January Effect candidates, which will be updated shortly.

TWMJF — This was from Wednesday”s Livestock notes: “closing today above 2.26-2.36 would signal the dip is probably only temporary”. That wasn”t accomplished, so the break gets a benefit of the doubt for having reversed the trend back down near-term. Thursday”s second consecutive lower close (in Canada) suggests there must be a third lower close, too.

Crude Oil”s extended drop is having an effect on many stocks in the sector. Although many of their distributive patterns had been fulfilled already, their tax loss selling pressures may be resuming with the lower valuations of their underlying commodity. I”m still bullish on their potentially having overly-discounted the future environment, but want to give this news a day to digest. Ditto, Gold, albeit for different motivations. Regardless, knife-catching ahead of weekends is generally not a good tactic. Monday mornings have much better odds historically.

SODA — After barely touching resistance, the reaction down is now touching uptrending support. I”m going to lower resistance to 23.15, but it won”t be likely to trigger without also holding this test of 21.75.

WPRT — Closing today back above 5.05 would underme the new low, but the trend doesn”t reverse back up until closing above 5.85. It would be a JE candidate

NLNK — Retesting the highs, must close above 39 to maintain the rally”s momentum

I hope that your Thanksgiving is wonderful, with plenty of time for family and food. Have a great, safe holiday — See you on Friday!

This morning”s Livestock discussed January Effect stocks, and the Crude Oil market”s effects on that portfolio”s Energy Sector candidates. We also discussed the following stocks (in order):

ATTBF — compared to TRTC bottom

TWMJF — closing today above 2.26-2.36 would signal the dip is probably only temporary

MCIG — must hold .21-.22 to maintain .28 recovery potential

REDG — catalyst doesn”t seem to have developed yet, pullback must hold .0017

GWPH — retested its breakout, so no excuse to delay resuming the rally

INSY — narrow range isn”t predictive

GBLX — held .525 but must close above .605

CBIS — testing .06 support with room down to .058

DEWM — Tuesday”s .0038 entry now testing .0058, and must recover .0062 on the day it is tested, if ever

OCN — contracting volume on the pullback, held “lower prior highs,” time to resume the rally

CARA — after probing 61.8% back into the low”s base, the pullback has been retraced 61.8% 

MGPI — pullback would help this premature breakout create higher targets

ORC — burden of proof is on bulls

MNTR — no discernible pattern

Have a very happy Thanksgiving!

This morning”s Livestock starts at 10:45am ET. Login info:
(iPads and Tablets use the accompanying teleconference info to get audio.)

https://roddavid10.mitel-nhwc.com/join/pcxsrhm

optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
Meeting ID 976-912-682 #
Other requirements can be found here:
http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/

Monday morning”s Livestock reviewed relevant price action among January Effect candidates, first. Its published coverage will be updated Monday night. I also relayed the timing being told to me, that I”ll be able to create a portfolio for this coverage and execute Trade Alerts after Tuesday. 

Trade Alerts for other coverage remains dependent upon the Limit Order feature, which is fundamental to life-like trading. That”s already a few months past its originally projected availability, so take that as the grain of salt to current projections of December.

Limit orders will allow us to launch a portfolio for generally aggressive stock trading. And if Marijuana stocks catch a bid into the New Year, perhaps we”ll also launch a portfolio specific to them — also dependent upon having the Limit Order feature.

Speaking of which, I reviewed Marijuana stocks next. Be sure to keep them in proper context of current trend, which are mostly down — defined as a series of lower highs and lower lows. Bottom-fishing might produce a bounce, but not necessarily a new rally leg.